Here’s what the $10M-$30M NYC investment sales market looked like last week

A Brooklyn industrial building sold for $22M

TRD New York /
Sep.September 18, 2019 12:45 PM
145-65 Wolcott Street in Brooklyn, 3428 Park Avenue in the Bronx and 20 East 35th Street (Credit: Google Maps)

145-65 Wolcott Street in Brooklyn, 3428 Park Avenue in the Bronx and 20 East 35th Street (Credit: Google Maps)

Last week in New York City mid-market investment sales, a Bronx multifamily portfolio changed hands for $14 million and a commercial condominium unit in Murray Hill went for $17 million. Here are the details on the city’s recent trades filed with the Department of Finance.

1.) In Red Hook, an industrial building at 145-65 Wolcott Street and two nearby lots traded for $21.5 million. Seller Gregory Iovine sold the single-story asset to W-G Capital Advisors, according to Commercial Observer, which first reported the sale.

2.) Rose Associates sold a commercial condo at the Goodhue House, 20 East 35th Street in Murray Hill, for $16.8 million. The buyer was an LLC tied to Hubb NYC. Situated between Madison and Park avenues, the pre-war building is 15 stories tall and has 166 residential units.

3.) The Morrisania Housing Development Fund Corporation and an LLC linked to Long Island City-based Workforce Housing Group picked up a portfolio of apartment buildings in the Morrisania section of the Bronx for about $13.97 million. The seller was KDA Realty Owner Owner LP. The transaction covers 12 parcels including 581 East 164th Street, 3428 Park Avenue and 915 Prospect Avenue. PincusCo first reported the transaction.


Related Articles

arrow_forward_ios
Clockwise from top left: 162 West 13th Street, 325 Avenue Y in Brooklyn, 1281 Viele Avenue in the Bronx (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

305 East 46th Street (Credit: iStock)

Japanese firm lands $84M financing for Midtown East buy

Federal Realty Investment Trust CEO Donald C. Wood and Georgetowne Shopping Center (Credit: Google Maps)

Fairway-anchored Bergen Beach shopping center sells for $85M

308 West 82nd Street and Real Capital Analytics founder Robert M. White Jr. (Credit: Google Maps)

Real Capital Analytics’ founder buys UWS building, leading last week’s I-sales

166 Berry Street in Brooklyn and Wharton Properties’ Jeff Sutton (Credit: Google Maps)

Jeff Sutton pays record price in Williamsburg: brokers

205 Park Avenue (Credit: Google Maps)

Developer files plans for mixed-use project facing BQE

Clockwise from left: 2 East 55th Street, 25-25 Borden Avenue and 91 Ludlow Street (Credit: Google Maps)

Here’s what the $10M-$30M investment sales market looked like last week

1890 Lexington Avenue and 22 St. Marks Place (Credit: Google Maps)

Here’s what last week’s $10M-$30M investment sales market looked like

arrow_forward_ios